buy back of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2010 IN THE PAPER OF LAW,AUDIT,ACCOUNTS THE CONCEPT OF BUY BACK OF SHARES AND BONUS SHARE ARE GENERALLY USED.

WHETHER THEIR ANSWER WILL BE DIFFERENT AS PER THEIR NATURE OR NOT.

MEANS TO SAY WE CAN USE DIFFERENT WAY TO PRESENT IN PAPER AUDIT,ACCOUNT,LAW OR NOT

CA Ankit Shah

CA Ankit Shah (Expert)
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01 November 2010 Answers always be different.

In Audit answer based on verification and calculations point

In CLAW answer based on what should be consider in computation of profit.

An account answer based on accounting. like original shares cost reduced if company declares bonus.